global news
Can a trust own property in Mexico?
Trusts are created to allow foreigners to have ownership rights of properties within the restricted zone in Mexico, which is all land located within 100 k...
Read Journal Category
Global News
global news
Can you keep a condo forever?
While a landlord can clear out a rental building at any time, assuming there are no complicating rent control regulations, a condo is yours forever. How d...
Read Journal
global news
Can I fund my spouses HSA?
The IRS mandates that Health Savings Accounts (HSAs) are for individuals only. Therefore, joint HSAs between spouses cannot legally exist. Both spouses ma...
Read Journal
global news
When to charge sales tax in Missouri?
Missouri sales tax returns are generally due the 20th or the final day of the month following the reporting period. If the Missouri filing due date falls ...
Read Journal
global news
How are grants treated in accounting?
Government grants related to assets, including non-monetary grants at fair value, are presented in the statement of financial position either by setting u...
Read Journal
global news
Are lump-sum payments taxed differently?
A lump sum amount can be rolled over to an Individual Retirement Account (IRA) and avoid taxation when you receive the lump sum. However, any distribution...
Read Journal
global news
Which inventory valuation method will result in the lowest cost of goods sold during the period of increasing price?
When prices are rising, you prefer LIFO because it gives you the highest cost of goods sold and the lowest taxable income. First-in, first-out, or FIFO, a...
Read Journal
global news
How do real estate agents keep track of mileage?
It’s that simple. By recording your trips on the calendar, you’re creating a trip journal that records where you went and when you went there. You will al...
Read Journal
global news
When does an employer fail to pay an employee?
Unpaid wages occur when employers fail to pay employees what they are owed. This is often also referred to as withheld salary or wages. What happens if an...
Read Journal
global news
Can I download form 8962?
Form 8962 is available on the IRS website and is free to download. 4 If you’re filing taxes using electronic tax filing software, this form should be gene...
Read Journal